Property Attributes
- MLS#24014226
- TypeMulti-Family
- CountyKALAMAZOO
- CityKalamazoo
- AreaKalamazoo City
- NeighborhoodKalamazoo City
- Zip49001
- Style5+ Units
- Year Built1903
- Taxes$ 3285
- Price$ 588,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size10,019 SqFt
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description
Rare opportunity to own an income-producing 7 unit apartment building in Downtown Kalamazoo. With limited multifamily product in downtown Kalamazoo and the proximity to Kalamazoo's proposed $300M+ events center, this Airbnb has tons of upside to convert to long-term leases and implement a utility bill back/RUBS program to recapture some of the utility expense or continue operating as a fully furnished Airbnb. Having gone through extensive renovations this property has a new roof, newer windows, exterior renovations and updated apartments. Don't miss out on this turnkey investment with a proven track record and tons of potential. Property is sold fully-furnished with all Airbnb furniture.
Price History | |
---|---|
3/25/2024 | Listed $598,000 |
4/30/2024 | 1% - $593,000 |
5/14/2024 | 1% - $588,000 |
General Features
Sewer | Public Sewer |
---|---|
Heating | Wall Furnace,Natural Gas |
Cooling | Window Unit(s) |
Utilities | None Available,Natural Gas Connected,Electric Connected |
Possession | Close Of Escrow |
Construction Materials | Brick |
Year Built | 1903 |
Tenant Pays | Electric,Gas |
Township | Kalamazoo City |
Property SubType | 5+ Units |
Tax Year | 2023 |
OwnerPays | Water,Sewer,Gas |
County | Kalamazoo |
New Construction | No |
Property Type | Multi-Family |
Attached Garage | No |
Status | Active |
Directions | Kings Highway North to 4th Street to Mills St. Property Near Corner of Mills and 4th St. |
City | Kalamazoo |
High School District | Kalamazoo |
Zoning Description | M-1 |
Total Units | 7 |
MLS Area | Greater Kalamazoo - K |
Lot Size Square Feet | 10019.0 |
Waterfront Y/N | No |
Street Name | Mills |
Land Lease Y/N | No |
Tax Annual Amount | 3285.02 |
Lease Renewal Y/N | No |
MLS Area Minor | Greater Kalamazoo - K |
Additional Parcels Y/N | No |
Rent Control Y/N | No |
Days on Market | 57 |
Standard Status | Active |
Tax Assessed Value | 47395 |
MobileHomeRemainsYN | No |
Legal Description | 8618 BEG ON W LI OF MILLS STREET 72.5FT S OF THE S LI OF FOURTH STREET; TH W PARALLEL WITH SD S LI TO THE ELY R-O-W LI OF PENN RR; TH SELY ON SD R-O-W LI TO SD W LI; TH N OF SD W LI TO BEG. |
Senior Community | None |
Interior Features
Basement | Other |
---|---|
Total Fireplaces | 1 |
Basement (Y/N) | Yes |
Air Conditioning Y/N | Yes |
Heating Y/N | Yes |
Street Suffix | Street |
Electric On Property Y/N | No |
Exterior Features
Parking Features | Paved,Unpaved |
---|---|
Lot Features | Level,Sidewalk |
Total Parking | 12.0 |
Lot Size Area | 0.23 |
Number of Buildings | 1 |
Spa | No |
Lot Dimensions | 150 X 135 X175 |
Lot Size Acres | 0.23 |
Lot Size Units | Acres |
Crops Included Y/N | No |
Open Parking Y/N | No |
Horse Y/N | No |
Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool